Developer builds open-source TypeScript library to model SCHD dividend growth
A software developer has released an open-source TypeScript library called dividend-math, designed to simulate dividend reinvestment growth over time. The library centers on a pure function called dripCalculator, which models year-by-year share accumulation, price appreciation, and dividend growth. It was built to illustrate how ETFs like SCHD, which have historically grown dividends at roughly 10–12% annually, can outperform higher but stagnant yields over long holding periods. The tool powers several calculators on dividendpayoutcalculator.com, including a dedicated SCHD calculator that accounts for quarterly dividend payments. The library is available on npm under an MIT license, with source code hosted on GitHub.
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